Warning!: OpenLedger is a Scam. Take All Your Funds Out As Soon As Possible.

in #antiabuse5 years ago (edited)

Greetings Steemians,

It's recently come to my attention that Openledger has locked up nearly 900,000 Steem and nearly 178,000 SBD.

The announcement that Steem and SBD would no longer be transferable in or out dropped on August 06, 2019 from Openledger.

Per their response to @kingscrown (who is being impacted by this) Here is what they had to say:

STEEM/SBD gateway was disabled on our trading platform following the announcement made on August 06, 2019. Withdrawals of this coin are no longer available and all remaining ​STEEM/SBD balances of OpenLedger DEX users have been archived.
We dump underperforming coins to better serve our customers and ensure the fastest possible speed of transactions. We fully stop supporting such coins in the pre-announced time.
We understand your discontent, but we cannot assist you with this issue. We will be happy to assist you with any other issues you may have.

Here is an embedded link to @kingscrown's post outlining the comprehensive details.

@abit Also dropped a post in regards to this, and as can be viewed in the comments, this has also impacted the Scorum community as talked about by @tuck-fheman.

@blocktrades is advising users in the comments to remove any assets that you are able to remove. There is enough evidence to suggest this is a flat out scam. They have no right to hold peoples assets and claim that there is nothing they can do.


Their Steem Wallet: openledger-dex has been emptied to Binance and Bittrex.

Please remove your funds immediately if you have any that Openledger is allowing for removal.

Also, these people engage in ID Deception/Fraud:


Source of the ID Deception/Fraud in one of their companies' team profile page:

OpenLedger's Founder & CEO is Ronny Boesing (@bloggersclub)


According to their website the company is part of the BitShares Committee

And in fact the BitShares website confirms this information.

This is a copy with minor changes of this post:
https://steempeak.com/steempeak/@futuremind/alert-openledger-has-locked-up-steem-and-sbd by @futuremind


This is Jaguar Force,
Reporting directly from the Jungle.


Hi @jaguar.force I have actually dropped a comment on all the posts that you mentioned and I thought that I would drop it here too.

My experience with OL has been horrible too. They really are scammers! In Aug they also issued a two week notice for not supporting AGRS Tokens. The notice period was so short and they didn't even bother to really get the message out there. I got the same exact message too when I sent in a support ticket. They cut and paste for everyone the same message.

So everyone started sending support tickets in and the TauChain Agoras people also keep going back to them to ask for withdrawal for token holders. Finally they responded that they cod assist to manually withdraw but first you got to send your tokens to them and then they will process it and send it to you... Minus a 10% fee on your total number of tokens! They really are the scum of the earth. People should really make it known not to use OL!


Posted using Partiko Android

When I kept pointing out that it's not a decentralized exchange years ago, I was accused of spreading fud. This was one of the reasons that made me leave the BTS community.
Sometimes reality takes a while to kick in...

you must be able to distinguish between the BitShares community and private business using the BitShares blockchain. I have used BitShares myself for years without problems, but in most cases I only use reference wallet and native tokens. I stopped using Open Ledger when two consecutive withdrawals were delayed and I had to create a support ticket. I have the least problems with the RuDEX gateway, so far 100% payouts are instant and offer the lowest fees

Well, since you bring that up, the post was just edited to reflect that according to their website: https://openledger.info/about-us/partnership/
and according to the bitshares site: https://wallet.bitshares.org/#/explorer/committee-members the company is part of the BitShares Committee.

OL was one of the first businesses based on BitShares. The community's trust has been seriously damaged. As you know, you have to work long for your reputation, and you can lose it very quickly.

It wasn't openledger people accusing me of fud though.

Right-O, Pharesim. There are other centralized platforms in existence that concern me as well--some very popular platforms that many have invested in that could disappear at the whim of specific individuals. @steemhousepub executives made the decision early on to avoid to avoid affiliation with any platform, exchange, or project that is not open source and decentralized, not only to protect our investments but to maintain a standard of credibility that would be lost if this type of event happens with an accessory of the Steem blockchain. This decision has resulted in the delay of a token offering by Steemhouse but oh well. Better late than empty-handed, or worse, guilty by association.

Truth always hurts and people will attack you from telling the truth but you should not be afraid of telling people what you believe its wrong.

There is a group of people who work all the time behind the shadows: the cleaners. The reality is that many people hate them, but they can't understand the need for their work to exist. This publication is proof of that need to exist. Without them these abuses would be overlooked and, even worse, would damage what many of us are trying to build. Honor to whom honor is due. Thank you for warning...!

Firma Bloque64.png

Got to Resteem this so everyone including me take out all of their coins from OpenLedger. Thank you @jaguar.force and @futuremind

....yeah lets not talk about the underlying issue why:

"We dump underperforming coins to better serve our customers and ensure the fastest possible speed of transactions."

Stealing that photo is bold.

I hope y'all get your crypto back.

In the precious metals community, long ago we learned that "if you don't hold it, you don't own it". The same is true for cryptocurrencies.

I once sent 45 SBD from openledger to bittrex but they never arrived. I contacted support but they just kept giving me lame reasons.
That's when I bid farewell to openledger.
At that point of time, SBD was over $4.

Another scammers that still operate? Fuck them all.

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